Voluntary contributions to public goods may be motivated by a desire to be a moral person, or in other words, by identity concerns. In a field experiment (N=373) we test how positive and negative shocks to subjects' environmental identity affect voluntary efforts for climate protection. In a...

We examine the association between mandated Asset Retirement Obligations (ARO), i.e., environmental clean-up costs of normal operations estimated on the balance sheet, and the quality of voluntary ESG disclosures. We hypothesize that when firms recognize larger AROs with higher accuracy that...

Digital platforms such as Amazon Marketplace or Google Search are commercial and political actors. They have taken center-stage as new spaces for exchange. They facilitate digitally networked interactions and transactions between different customer groups through algorithms, data, and other...

Increasingly, firms are under pressure to take responsibility for the externalities their business activities generate. To avoid being targeted by activists, firms may engage in self-regulation. We study this phenomenon in the context of the payment transparency movement in extractive...

We examine the effect of voluntary climate risk disclosure on Credit Default Swap (CDS) premiums. We develop a structural credit risk model, in which climate-related disclosures serve as an information source reducing uncertainty about climate risks. The model predicts a negative relation...

We investigate the impact of peer pressure on the characteristics of forward-looking disclosures. We identify plausibly exogenous variation in the amount of peer firm forecast news available when a focal firm issues its own forecast by employing a sample of firms that issue forecasts in...